Zurich Unit Settles $20M Suit With Deere Dealer

Law360, New York (April 15, 2010, 4:29 PM EDT) -- An insurance subsidiary of Zurich Financial Services Ltd. has settled an indemnification suit with J&D Implement Inc., a John Deere dealership that was recently ordered to pay more than $20 million in a nasty dispute that pitted a sister against her two brothers.

Zurich subsidiary Universal Underwriters Insurance Co. entered a stipulation of dismissal with defendants J&D Implement and Laethem Equipment Co. on Wednesday in the U.S. District Court for the Eastern District of Michigan.

The terms of the settlement are confidential, according to lawyers involved...
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